News Details
Ecclestone says Gribkowsky payment an 'insurance policy'
Bernie Ecclestone on Tuesday told his corruption trial in Munich that he made a $44 million payment to avoid bankruptcy.
Prosecutors allege the F1 chief executive paid Gerhard Gribkowsky so the banker would agree to sell the sport's commercial rights to his preferred buyer and retain power.
But Ecclestone, 83, said he paid the millions because Gribkowsky was alluding to alerting the British tax authorities about his personal affairs.
First, the diminutive Briton testified on Tuesday, Gribkowsky was pressuring him to invest a whopping $250 million in a joint real estate business.
"I told him that I was not interested," Ecclestone said.
But then Ecclestone, who said Gribkowsky's...
Full Story »
Full Story »
11y ago from GrandPrix.com
0
You May Also Be Interested In...
F1 boss says Gribkowsky payment an ‘insurance...
F1 boss says Gribkowsky payment an ‘insurance policy'Posted On 15...
11y ago from ThisIsF1.com
Ecclestone: I was a sarcastic when I asked would 50...
Bernie Ecclestone in court
Formula 1 boss Bernie Ecclestone told a...
11y ago from GrandPrix247.com
CVC’s chief Donald Mackenzie backs Ecclestone in...
CVC's chief Donald Mackenzie backs Ecclestone in courtPosted On 10 Jul...
11y ago from ThisIsF1.com
F1 boss explains payment to banker
Formula One boss Bernie Ecclestone told a court on Tuesday that a...
11y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP riders divided over ‘easy' stability...
MotoGP has introduced a significant new electronic update to the...
45m ago from MotorsportWeek.c...
Marc Marquez fastest in first MotoGP Austria practice
Marc Marquez continued his dominant form to once again top the timesheets...
2h ago from MotorsportWeek.c...
What Pecco Bagnaia found out by rewatching his best...
No description available...
1h ago from Motorsport.com
Marc Marquez and Pedro Acosta are against MotoGP’s...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
1d ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
3d ago from Motorsport.com
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
4d ago from MotorsportWeek.c...
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
6h ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
1d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
2d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Tactics Column: How Gyokeres can right Arsenal's wrongs
With Arsenal's Premier League season beginning with a trip to Old...
2h ago from Arseblog.com
'They need…' – Former Arsenal star makes...
Former Arsenal defender Mikael Silvestre has commented on the Gunners'...
1h ago from CaughtOffside.com
Who comes top? Man Utd bottom half?! Supercomputers...
Are Liverpool destined to retain the title? Could Manchester United really...
2h ago from SkySports.com
Comments
Hottest News
Red Bull cut all ties with their former F1 team principal...
Red Bull Racing officially has severed all ties... Read More »
1h ago from GrandPrix247.com
Piero Ferrari pinpoints key reason preventing recent F1...
The only living son of Enzo Ferrari has rued how... Read More »
2h ago from MotorsportWeek.com
Leclerc: Starting new era ‘on the right foot’ key to...
Charles Leclerc says Ferrari cannot afford a slow... Read More »
45m ago from F1i.com
